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The Next Entrepreneurs And Startups

YoungUpstarts

While much future forecasting looks to digital disruption , we shouldn’t think that the only fields that can be subject to disruption are those that are essentially technology-based, such as cloud services and data management. Disruption can occur in digital and analog fields alike.

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The Key Elements of the Financial Plan

Up and Running

Sales forecast. There are different formats for profit and loss statements, depending on the type of business you’re in and the structure of your business (non profit, LLC, C-Corp, etc.). Sales forecast. Your sales forecast should be an ongoing part of your business planning process. Cash flow statement. Balance sheet.

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How to Write a Business Plan

Up and Running

Your business plan isn’t complete without a financial forecast. Are you an LLC ? Business financials for most startups are less complicated than you think, and a business degree is certainly not required to build a solid financial forecast. Sales Forecast. Investors look for great teams in addition to great ideas.

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Startup Tax Planning for Better Cash Flow Management

Up and Running

But accurately forecasting your tax obligations may seem difficult, particularly when you’re busy running a company. By incorporating tax forecasting into your cash flow management strategy, you can stop the cycle and ensure funds are flowing as you’re expecting. Not only that, tax laws change from year to year.

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How to Improve Cash Flow

Up and Running

Forecast cash flow and manage that forecast carefully. You can get huge value from the process of regularly checking your cash flow to compare the actual results to your forecasts. You use the forecast and compare actual numbers to catch these significant trends early and make adjustments when necessary.

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Female Founder Interview: Author and Business Leader Martha Razo

The Startup Magazine

Martha: I would like to share this quote from “Business Diva” author Laura Alcantar Leon, CEO of S & L Pallets, LLC: “Do not feel discouraged if you do not have a degree. TSM: Can you cite a particular success story that exemplifies the Business Diva purpose and success, one that inspires you?

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The Ultimate Guide to Starting a Software Company

Up and Running

While it’s useful to be able to have a sales forecast and expense budget early on, it’s not something you need until you’ve validated your idea. Later you will want to come back and create a proper sales forecast, cash flow forecast, and expense budget. Circle back and create a more detailed forecast.